Entercom Communications Corporation owns and operates radio stations in 26 United States media markets. The company was founded in 1968 and is based in Bala Cynwyd, Pennsylvania.
ETM Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Entercom Communications Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Entercom Communications Corp ranked in the 33th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. The most interesting components of our discounted cash flow analysis for Entercom Communications Corp ended up being:
15% of the company's capital comes from equity, which is greater than merely 4.88% of stocks in our cash flow based forecasting set.
Entercom Communications Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -5.4. This coverage rate is greater than that of merely 11.98% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Entercom Communications Corp experienced a tax rate of about 3% over the past twelve months; relative to its sector (Consumer Cyclical), this tax rate is higher than merely 20.78% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
JOUT, WEYS, ALV, LEAT, and MYE can be thought of as valuation peers to ETM, in the sense that they are in the Consumer Cyclical sector and have a similar price forecast based on DCF valuation.
Entercom Communications (ETM) is up 7.4% postmarket after the disclosure that CEO David Field purchased just over 248,000 shares in transactions over the past few days. Field bought 96,754 shares Friday at an average price of $1.4513; another 93,131 shares yesterday at $1.4296; and another 58,186 shares today at $1.367....
PHILADELPHIA--(BUSINESS WIRE)--Entercom Communications Corp. (NYSE: ETM) today reported financial results for the quarter ended June 30, 2020. Second Quarter Summary Reflecting the impact of the COVID-19 pandemic on the economy at large, the broadcasting sector and Entercom’s business, net revenues for the quarter were $175.9 million, down 54%, compared to $380.7 million in the second quarter of 2019 Spot revenue declined 65% on a year-over-year basis while digital revenue rose 19% Reflecting t
PHILADELPHIA--(BUSINESS WIRE)--Entercom Communications Corp. (NYSE: ETM) announced that today it entered into an agreement to amend the financial covenants and other provisions under its Credit Agreement solely for the benefit of its revolver lenders (the “Amendment”). During the covenant relief period, which extends through December 31, 2021, unless terminated earlier by Entercom, the Amendment: Provides for a covenant holiday for the quarters ending September 30, 2020 and December 31, 2020 Re